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Cost estimate classification and accuracy for Major Industrial Plant Projects (MIPP) versus building construction in Germany
Erbe, Anita - Fakultät Wirtschaftswissenschaften, Technische … - 2014
construction. Due to competition from Asian entrants, main contractors in the plant engineering industry are starting to face a … standards review, comparing MIPP cost estimation guidelines by the Association for the Advancement of Cost Engineering (AACE …
Persistent link: https://www.econbiz.de/10011122555
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Controlling von Projektbudgets mit Earned Value Analysen
Kesten, Ralf - Nordakademie Hochschule der Wirtschaft - 2004
Controller bieten dem Management interne Beratung und Unterstützung aus dem Blickwinkel finanzieller Handlungsmotive an (vgl. Kesten 2001, S.30 ff.). Dies trifft auch bei der Planung, Abwicklung und Kontrolle von Projekten zu. Der Beratungsfokus liegt dabei insbesondere auf Fragen zur...
Persistent link: https://www.econbiz.de/10009219942
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Optimal Bidding in Takeover Contests
Cornu, P. - Geneva School of Economics and Management, Université … - 1998
The optimal bidding strategy for the initial bidder in takeover contests is investigated. IN the model, the initial … auction process among bidders, and both information and bidding costs are included in the analysis. Optimal strategies are …
Persistent link: https://www.econbiz.de/10005478979
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What Allotment and Subcontracting in Procurement Bidding
MARÉCHAL, François; MORAND, Pierre-Henri - Départment d'économétrie et d'économie politique … - 2004
Allotment and subcontracting are the two alternative mechanisms enabling the participation of SMEs in procurement. We compare these two alternatives in the context of a procurement contract awarded by a first-price sealed-bid auction. When the winning large firm is constrained with respect to...
Persistent link: https://www.econbiz.de/10005481781
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Risk-minimizing approach to bid-cutting limit determination
Chao, Li-Chung; Liou, Chang-Nan - In: Construction Management and Economics 25 (2007) 8, pp. 835-843
bidding models. An approach to determining the lower limit of the bid for a project is proposed based on minimization of the …
Persistent link: https://www.econbiz.de/10005482448
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Correcting the fee-technical score variability imbalance in two-envelope fee tendering
Drew, Derek; Lai, Po Yin; Li, Heng; Lo, H. P. - In: Construction Management and Economics 20 (2002) 2, pp. 157-166
Consultants' fees and technical submissions in two-envelope fee tendering are usually converted to scores. The fee scores and technical (quality) scores are then multiplied by predetermined weightings and aggregated. To preserve the desired influence of the predetermined weightings, the fee...
Persistent link: https://www.econbiz.de/10005482455
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A simplified unbalanced bidding model
Cattell, David William; Bowen, Paul Anthony; Kaka, Ammar - In: Construction Management and Economics 26 (2008) 12, pp. 1283-1290
Much research effort to date has focused on the development and use of bidding models in optimizing contractors' bid … prices in competitive tendering environments. Unbalanced bidding models, in particular, have the objective of maximizing a … is shown here that these unbalanced bidding models have been unnecessarily complicated by incorporating consideration of …
Persistent link: https://www.econbiz.de/10005482505
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First and second price independent values sealed bid procurement auctions: some scalar equilibrium results
Skitmore, Martin - In: Construction Management and Economics 26 (2008) 8, pp. 787-803
A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to …
Persistent link: https://www.econbiz.de/10005482608
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Predicting completed project cost using bidding data
Williams, Trefor - In: Construction Management and Economics 20 (2002) 3, pp. 225-235
Neural network and regression models have been developed to predict the completed cost of competitively bid highway projects constructed by the New Jersey Department of Transportation. Bid information was studied for inclusion as inputs to the models. Data studied included the low bid, median...
Persistent link: https://www.econbiz.de/10005482612
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A COMPARISON OF NAIVE AND EXPERIENCED BIDDERS IN COMMON VALUE OFFER AUCTIONS A LABORATORY ANALYSIS
DYER, D.; KAGEL, J.H.; LEVIN, D. - Department of Economics, University of Houston - 1988
Persistent link: https://www.econbiz.de/10005486899